YouTube, Facebook, Instagram and WhatsApp apps displayed on a smartphone. Florian Gaertner | Photothek | Getty Images Executives at tech giants like Google, Facebook and Amazon are quitting to take jobs in the buzzy world of crypto. Blockchain platforms such as Polygon and Circle have hired top talent from Big […]
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Young crypto investors, tech entrepreneurs fuel yacht industry boom
It’s not your grandfather’s yacht anymore. Uber-rich young people are flocking to buy luxury boats for space on the high seas during the COVID-19 pandemic. Yacht seller Fraser sold $1.6 billion in inventory in 2021, a 175% increase over the prior year. CEO Raphael Sauleau told Yahoo Finance Live that […]
Tech stocks lead slump on Wall Street
Wall Street’s key benchmarks faltered on Thursday, capping back-to-back sessions of gains on the heels of a slew of strong tech earnings, as sentiment waned following dismal results from Facebook that sent shares of the company spiraling along with other tech peers. A recent winning streak in equities was eclipsed […]
Nasdaq sinks by 1.2%, entering correction as tech rout extends
Stocks ended a volatile session sharply lower on Wednesday, as investors nervously eyed soaring bond yields and mixed earnings results from some major index components. [Click here to read what’s moving markets on Thursday, Jan. 20] The Nasdaq Composite dropped another 1.2% and entered a correction, logging a closing level […]
High-flying US tech stocks suffer abrupt reversal on Fed rate fears
Investors this week deserted a trade that has generated big returns since the financial crisis, ditching shares of fast-growing technology companies in favour of staid businesses that had largely been overlooked by Wall Street. The tech-focused Nasdaq Composite shed 4.5 per cent in the first five trading days of 2022, […]
Stock market news live updates: Tech stocks lead indexes higher following Fed decision: S&P 500 gains 1.6%
Stocks ended sharply higher Wednesday afternoon as investors mulled the Federal Reserve’s final monetary policy decision of 2021, which came against a backdrop of persistent inflationary pressures. The S&P 500 and Dow turned positive after spending much of the trading day earlier in the red. The Nasdaq outperformed to add […]
Stock futures extend declines after sell-off in tech shares
Stock futures headed for a lower open Friday morning after a rout in technology stocks during Thursday’s regular trading day, as investors turned away from growth stocks in anticipation of tighter monetary policy next year. Contracts on the S&P 500 ticked down. A day earlier, the index closed sharply lower, […]
Opinion: Here’s the best way to spot stock-market winners, according to this 25-year tech analyst
High-growth tech stocks seem particularly volatile these days, driven high and low by rising and receding fears related to interest-rate rises and COVID waves. It’s enough to make the average investor forswear the tech sector. But please don’t fall into this trap. High-growth tech-stock volatility is nothing new. I would […]
Dow slides but tech stocks outperform as Europe’s COVID struggles rattle markets
Stocks ended Friday’s session weighed by growing concerns over nationwide COVID-19 lockdowns in Europe that raised fears about new restrictions beyond the continent, which pressured blue chip stocks, oil and the broader market. The Dow slid 200 points, or 0.6%, settling at its lowest levels in 3 weeks and down1% […]
Nasdaq Composite jumps 1.3% in best day since August as tech stocks recover losses
Stocks advanced on Tuesday as technology stocks recouped some losses from Monday, when a rotation away from growth names picked up steam as concerns over inflation lingered. The Nasdaq Composite gained 1.3% in its best day since August, after the index dropped over 2% a day earlier. The S&P 500 […]